Is This Transitory Inflation?

Inflation rate will likely come down next year, in part because there were a bunch of temporary factors boosting prices. But when all the dust settles from all that, i also think we're going to be left with an inflation rate that is higher than what the fed had been targeting. I wouldn't be surprised by something in the three to four % range. The big macro story? Supply and demand. No one knows how long it's going to take for labor markets to recover. So over the next year, we continue to have a lot of aggregate demand. We don't have enough aggregate supply. And the mismatch between those two will keep upward pressure on inflation, keep inflation well above two